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Stock impact report

Pfizer Taps Novavax Matrix-M To Refresh Vaccine Growth Story [Yahoo! Finance]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Yahoo! Finance
Pfizer, NYSE:PFE, has entered a global licensing agreement with Novavax to use Matrix-M adjuvant technology in the development of up to two infectious disease vaccines. The deal grants Pfizer non-exclusive worldwide rights and immediate control over research, development, and commercialization for these Matrix-M based candidates. Financial terms include an upfront payment, potential future milestone payments, and tiered royalties linked to product sales. Pfizer comes into this agreement with a current share price of $26.66 and a mixed recent track record, including a 9.1% return over the past year and a 27.0% decline over three years. For investors following NYSE:PFE, the Matrix-M deal adds another element to the story, alongside existing views shaped by its broader vaccine and therapeutics portfolio. This licensing move gives Pfizer additional tools to try to build its vaccine pipeline beyond COVID-19, with Matrix-M potentially supporting new infectious disease candidates. T Show less Read more
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